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Toshiba new investor in Optware’s HVD technology

Posted 07 July 2005 01:14 CET by jsl

YOKOHAMA, Japan, July 6, 2005 - OPTWARE Corporation, developer of patented Collinear™ Holographic Versatile Disc storage systems, announced today that it is raising a $14 million in venture capital, and planed to close on the money in August.   OPTWARE's fifth round of equity financing was provided by four investors, TOSHIBA Corporation, DAI-ICHI SEIMEI CAPITAL CO., LTD, Daiwa Securities SMBC Principal Investments Co. Ltd. and THE SHOKO CHUKIN BANK. The funds raised in this round will be used to accelerate OPTWARE's market launch of its patented Collinear™ Holographic Versatile Disc (HVD) storage system.   Mr. Hiroharu Satoh, General Manager, HD DVD Promotion Division, Digital Media Network Company, TOSHIBA CORPORATION said 'OPTWARE's 'Holographic Versatile Disc (HVD)" developed on its patented Collinear™ Technology has a good possibility to be compatible with the conventional DVD and next generation 'HD DVD", which has been developed by TOSHIBA and our partners. HVD has a glittering promise to be future optical recording media which promises our customers smooth migration from HD DVD."   About OPTWARE OPTWARE ( www.optware.co.jp/english/ ), based in Yokohama, nearby Tokyo, Japan, is a privately held company founded in 1999.The company developed and patented a completely new form of storage, Collinear™ Holographic Versatile Disc storage, called HVD for short.  HVD will change the way businesses with mass storage needs or large data files securely store, transfer, and manage them.HVD enables enterprises to store up to 3.9TB's on a CD sized disc with data transfer rates up to 1Gbps.   Collinear™ Holographic storage combines many of the highly desirable features currently found only in tape or hard disk like high capacity, high transfer rates, random access, fast seek speeds, and permanent storage (at least a 50 year life); all this with very low on-going maintenance and management costs, and HVD is easy to handle and store.   Source: Optware

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